Las Vegas Multi Family Apartment Foreclosure Sales Specialist

LAS VEGAS ATRIUM SUITES SELLS FOR $ 20 800 PER DOOR / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-03-02T04:56:00.000-08:00

Timothy Anderson

Windermere Prestige Properties

YOUR SOURCE FOR COMMERCIAL MULTI FAMILY APARTMENTS/CONDOS/MOTEL - FORECLOSURE - BANK OWNED - SHORT SALE

pH 702 378 3274

email : buy@buylvland.com

www.lasvegas-henderson-nevada-realestate.com
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Siegel Group Acquires Former Atrium Suites Hotel
Debt From 2007 Property Acquisition, Renovation Encumbered Property Following By Lehman Bankruptcy
By Randyl Drummer
February 22, 2012

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The Siegel Group Nevada, Inc., announced that it had acquired the former Atrium Suites Hotel, a 202-key hotel on Paradise Road Las Vegas.

The buyer, a company founded by investor Stephen Siegel, was able to close the transaction in five days for $4.2 million, or just under $20,800 per key. The $26-per-square-foot purchase of the six-story, 162,000-square-foot hotel on 3.75 acres is far below today’s replacement cost, Siegel said in a release.

Follow me on Twitter for live news updates.
The company, with offices in Las Vegas and Studio City, CA, specializes in the acquisition, disposition and development of under-performing, value-added real estate and businesses with significant turn-around potential.

The property near the Hard Rock Hotel Casino, once operated as a Crowne Plaza and most recently known as the Atrium Suites Hotel, was acquired in 2007 for $50 million with an additional $16 million in construction financing.

The hotel was closed to begin a major renovation, which was only partially completed when the lender, Lehman Brothers Holdings, filed for bankruptcy protection. The $66 million note was subsequently acquired in bankruptcy court by the seller, which foreclosed upon the property in July 2011.

151 UNIT LAS VEGAS SUPER 8 MOTEL FOR SALE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-29T10:40:00.000-08:00

FOR SALE LAS VEGAS SUPER 8 MOTEL - 151 UNITS

$ 4 300 000 - $ 28 500 per door

1213 Las Vegas Blvd S
Las Vegas, NV 89104

LAS VEGAS BEST WESTERN FOR SALE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-28T08:57:00.005-08:00

90 UNIT LAS VEGAS BEST WESTERN FOR SALE

$ 3 200 000 / $ 35 555 PER UNIT

Property Overview


Land SF/$ Per	130,680 / $24.49
Acres/$ Per	3.00 / $1,066,666.67
Property Use	Investment
Zoning	commercial
Parcel Number	139-27-603-025
T, R, S	20, 61, 27

Land Size	3.000 acres
Bld SF/$ Per	-/-
# of Buildings	3
# of Units	90
# of Stories	2
Cap Rate	-
Vacancy	-

Agent/Broker Description

Seller may consider to carry a small amount for a short time contact me for financials

Area Description

Property Overview


Land SF/$ Per	130,680 / $24.49
Acres/$ Per	3.00 / $1,066,666.67
Property Use	Investment
Zoning	commercial
Parcel Number	139-27-603-025
T, R, S	20, 61, 27

Land Size	3.000 acres
Bld SF/$ Per	-/-
# of Buildings	3
# of Units	90
# of Stories	2
Cap Rate	-
Vacancy	-

Agent/Broker Description

Seller may consider to carry a small amount for a short time contact me for financials

Area Description

High rated Best Western just North of the downtown area in Las Vegas in close proximity to Cashman Field, the strip and highways. Whether you're in town for business or fun, La Piazza Restaurant & Bar is located on-site and adjacent to lobby. The restaurant is well known for the Chicago style pizza & offers a full menu for breakfast, lunch & dinner. The bar, which has a sports bar theme, is open 24 hours daily & has 15 bar top gaming machines for your enjoyment. Daily specials are available in both the restaurant & bar. Also accomodates to travelers w/pets , a pool, conference room and free wi-fi.

Property Features

3 acres
Restuarant
pool
laundry facility
gaming
conference room

Property Features

3 acres
Restuarant
pool
laundry facility
gaming
conference room

LAS VEGAS 32 UNIT GAS LIGHT SQUARE APARTMENTS SELLS AT PUBLIC AUCTION / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURE

2012-02-22T07:26:00.000-08:00

162-15-103-001

GAS LIGHT SQUARE APARTMENTS

* SOLD AT PUBLIC AUCTION 1.2012 FOR $ 756 000 - $ 23 625 PER UNIT

32 UNITS
1 ACRE

23 100 SQUARE FEET
BUILT 1962

BOUGHT 11.2005 FOR $ 1 340 000

589 Sierra Vista Dr
Las Vegas, NV 89169

22 UNIT LAS VEGAS APARTMENT COMPLEX PUBLIC AUCTION SCHEDULED / LAS VEGAS DISTRESSES MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-18T19:34:00.000-08:00

GOLDEN STREET PROPERTIES - TRUSTEE DEED SALE 3.1.12

22 UNITS

Estimated Size	0.45 Acres
Original Const. Year	1962
Last Sale Price Month/Year	1100000 11/04
Land Use	1-50 RESIDENTIAL APARTMENTS
Dwelling Units	22

2619 Sherwood St
Las Vegas, NV 89109

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LAS VEGAS 330 UNIT DC SUITES PUBLIC AUCTION SCHEDULED / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-18T19:14:00.000-08:00

DC SUITES - TRUSTEE DEED SALE FILED 2.8.12

330 UNITS

Estimated Size	6.00 Acres
Original Const. Year	1979
Last Sale Price Month/Year	0
Land Use	1-50 RESIDENTIAL APARTMENTS
Dwelling Units	330

4055 Swenson St
Las Vegas, NV 89119

142 UNIT LAS VEGAS BONANZA SPRING SUITES PUBLIC AUCTION SCHEDULED / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-18T18:51:00.000-08:00

BONANZA SPRINGS SUITES -TRUSTEE DEED SALE FILED 2.8.12

NOD FILED 10.25.11

Estimated Size	1.38 Acres
Original Const. Year	1979
Last Sale Price Month/Year	6000000 01/06
Land Use	1-50 RESIDENTIAL APARTMENTS
Dwelling Units	142

41 796 SQUARE FEET

600 E Bonanza Rd
Las Vegas, NV 89101

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LAS VEGAS 62 UNIT APARTMENTS SELLS FOR $ 8065 PER DOOR AT PUBLIC AUCTION / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOS

2012-02-18T05:06:00.000-08:00

PORTICO APARTMENTS - UNLV CAMPUS LOCATION

*SOLD AT TRUSTEE DEED SALE 1.3.12 FOR $ 500 000

$ 8065 PER UNIT

NOD FILED 5.25.11

62 UNITS
1.85 ACRES
30 408 SQUARE FEET

built 1977
BOUGHT 10.2005 FOR $ 14 500 000

1601 E University Ave
Las Vegas, NV 89119

Show on Google Maps

LAS VEGAS MULTI FAMILY HOUSING DEMAND / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTELS FORECLOSURES

2012-02-18T04:25:00.000-08:00

Multifamily Housing Demand to Outpace Production

On February 16, 2012, in Breaking News, Mortgage Financing, by Blog Contributor

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By Erica Christoffer, Multimedia Web Producer, REALTOR® Magazine

Developers of multifamily homes should be relishing in the fact that demand is incredibly strong. But in reality, developers are struggling to build new apartments because financing is so hard to come by.

The National Association of Home Builders is forecasting the construction of 208,000 multifamily residences in 2012, which is well below the 350,000 units needed to maintain balance in the market, according to Sharon Dworkin Bell, NAHB senior vice president for multifamily and 50-plus housing.

Bell, who spoke on a panel during the NAHB International Builders’ Show in Orlando last week, said that the demand for new apartments will only continue to grow as the economy improves and job seekers find employment.

What’s more, the young adult population entering the job market today is one of the largest in U.S. history, which is creating even more demand for multifamily real estate, said Ron Witten, president of Witten Advisors, a market research firm that works with multifamily developers.

“As an industry, we can’t keep up with this demand right now. This is likely to put inflationary pressure on rents, resulting in higher rents for consumers,” Witten said.

The multifamily market suffered a serious slowdown in production from 2008 to 2010, and now the lack of credit to finance the development of new apartments is likely to cause a supply and demand imbalance, according to the NAHB panelists.

“Credit restrictions are so tight that even developers with a strong balance sheet and reputation are having difficulty,” said developer W. Dean Henry, president of Legacy Partners Residential in Foster City, Calif., and chair of NAHB’s Multifamily Leadership Board.

Federal Reserve Chair Ben Bernanke also touched on credit issues during his speech at the International Builders’ Show Friday. He called on lenders to “find ways to maintain prudent lending standards while serving creditworthy borrowers.”

In a market report released in late 2011, NAR’s Chief Economist Lawrence Yun warned that if new multifamily construction doesn’t ramp up, the rise in rent costs could potentially approach 7 percent over the next two years. This creates another obstacle for renters trying to save for a downpayment to purchase a home.

In fact, between 2001 and 2009 the number of renters paying more than 30 percent of their incomes for rent and tenant-paid utilities jumped from 41.2 percent to 48.7 percent, and those paying more than half their incomes for housing climbed from 20.7 percent to 26.1 percent, according to a report released last summer by Harvard University’s Joint Center for Housing studies.

Overall, the implication of multifamily housing demand outpacing production is a continued delay of the housing recovery.

LAS VEGAS MULTI FAMILY MARKET NEWS / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-12T06:22:00.000-08:00

MARKET SNAPSHOT: Las Vegas Recovers Select Jobs, Increasing Multifamily Sales

Feature - Daily Newsletter, Market Data, News, West Feb 1, 2012

By Philip Shea, Associate Editor

Multifamily sales in the Las Vegas metro area increased by 59.6 percent between the third quarters of 2010 and 2011, this in concurrence with the overall unemployment rate dropping from 15.5 percent to 14.2 percent. According to Real Capital Analytics, 4,612 units were sold during the first three quarters of 2011, and the average unit price rose to $51,082 from $43,560 the previous year.

The rise in employment occurred mostly in the services industry, while jobs in finance and construction remained stagnant. Colliers International expects population growth in Southern Nevada to accelerate in order to accommodate a return of employment along the strip, likely rekindling development that was halted by the recession.

According to Colliers International, Class A properties saw vacancy rates rise from Q1 to Q3 of 2011, while Class B and C properties saw these rates decline substantially. As might be expected, the overall decrease in vacancy rates caused asking rates for rentals to increase considerably. The downtown area saw the average asking rate for a one-bedroom apartment rise from $520 to $623. The Henderson and Green Valley area saw these rates jump even higher, from $589 to $736.

Gary Banner, vice president of the multifamily division at Colliers, does not foresee any improvement in the single-family market that might affect trends in multifamily. “I don’t believe houses should be investment property,” Banner says. “They’re not made for that.”

Banner adds that the vacancy rate for single-family homes in today’s market stands at around 50 percent. “Those average rents typically start at about $1,200 a month,” Banner says. “A Class A apartment tops out at about $1,400. For those that do not have school-age children at home, it would be wiser to rent in a market where the housing prices are still falling.”

With respect to multifamily, downtown continues to be the area with the highest renter occupancy rate, coming in at 63 percent in the third quarter of 2011. Banner says that “momentum is building” in downtown, and that this will only continue with the relocation of Zappos.com from Henderson, Nev. to the former City Hall building at Las Vegas Boulevard and Stewart Avenue.

Tony Hsieh, the 37 year-old CEO of the online company, has already leased incubator space for the building, as well as three floors of living space in a high-rise condo for employees. Banner says that the overall employee count will be around 2,000.

84 UNIT LAS VEGAS MOTEL DELINQUENT PROPERTY TAX SALE/ LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-11T06:53:00.000-08:00

83 UNIT LAS VEGAS MOTEL - DELINQUENT PROPERTY TAX SALE

201 E Utah Ave
Las Vegas, NV 89104

Estimated Size	0.65 Acres
Original Const. Year	1953
Last Sale Price Month/Year	3350000 08/06
Land Use	3-12 COMMERCIAL HOTELS
Dwelling Units	83

192 UNIT LAS VEGAS KENSINGTON SUITES SELLS FOR $ 23K PER DOOR / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-09T16:09:00.001-08:00

Mabry Mgmt Buys Kensington Suites for $4.4M

Mabry Management purchased the Kensington Suites at 2200 W. Bonanza Rd. in Las Vegas, NV from Capsource, Inc. for $4.4 million, or about $23,000 per unit.

Built in 1998, the 192-unit, 89,472-square-foot multifamily building had been listed with for just six weeks as the seller needed to release this property by then or would face financing charges.

248 UNIT LAS VEGAS STONEGATE APARTMENT FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-06T18:45:00.000-08:00

STONEGATE APARTMENTS - NOD FILED 2.2.12

Estimated Size	10.53 Acres
Original Const. Year	1991
Last Sale Price Month/Year	44660000 12/05
Land Use	1-50 RESIDENTIAL APARTMENTS
Dwelling Units	248

5075 Spyglass Hill Dr
Las Vegas, NV 89142

352 UNIT LAS VEGAS SAFARI APARTMENTS FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-02-06T18:27:00.000-08:00

SAFARI APARTMENTS - NOD FILED 2.2.2012

Loan: $12,700,000

Estimated Size	14.36 Acres
Original Const. Year	1990
Last Sale Price Month/Year	14700000 10/99
Land Use	1-50 RESIDENTIAL APARTMENTS
Dwelling Units	352

2675 S Nellis Blvd
Las Vegas, NV 89121

LAS VEGAS NATIONAL CHAIN MOTEL FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEX-CONDOS-MOTEL FORECLOSURES

2012-01-30T14:20:00.000-08:00

4975 S Valley View Blvd
Las Vegas, NV 89118

Estimated Lot Size and Appraisal Information
Estimated Size	1.50 Acres
Original Const. Year	1997
Last Sale Price Month/Year	3544000 09/04
Land Use	3-21 COMMERCIAL MOTELS
Dwelling Units	1

2012-01-30T14:02:00.000-08:00

COMFORT INN - NOD FILED 1.19.2012

910 E Cheyenne Ave
North Las Vegas, NV 89030

Estimated Lot Size and Appraisal Information
Estimated Size	1.66 Acres
Original Const. Year	1996
Last Sale Price Month/Year	3390000 11/03
Land Use	3-21 COMMERCIAL MOTELS
Dwelling Units	59

LOAN AMOUNT $ 2 4OO OOO

LAS VEGAS 123 UNIT APARTMENT FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-01-29T09:56:00.000-08:00

PARADISE SUITES - NOD 1.18.12

2000 Paradise Rd
Las Vegas, NV 89104

Estimated Size	1.66 Acres
Original Const. Year	1987
Last Sale Price Month/Year	5500000 06/05
Land Use	1-50 RESIDENTIAL APARTMENTS
Dwelling Units	123

LAS VEGAS 211 UNIT APARTMENT FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-01-29T09:37:00.001-08:00

BOULDER MANOR SUITES - NOD FILED - 1.18.12

211 UNITS

BOUGHT 10.2005 FOR $ 6 200 000

SQUARE FEET 84,616

BUILT 1988

4811 Boulder Hwy
Las Vegas, NV 89121

LAS VEGAS 211 UNIT APARTMENT FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-01-29T09:37:00.000-08:00

BOULDER MANOR SUITES - NOD FILED - 1.18.12

211 UNITS

BOUGHT 10.2005 FOR $ 6 200 000

SQUARE FEET 84,616

BUILT 1988

4811 Boulder Hwy
Las Vegas, NV 89121

LAS VEGAS 156 UNIT APARTMENT COMPLEX PRICE REDUCTION - $ 25 608 PER UNIT / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOS

2012-01-19T10:33:00.000-08:00

156 unit Las Vegas apartment complex.

Price has just been reduced to $ 3 995 000 ( $ 25 608 / unit ).

401 N 28th St
Las Vegas, NV 89101

LAS VEGAS 158 UNIT HOTEL PROPERTY TAX AUCTION / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-01-16T14:15:00.000-08:00

Timothy Anderson

Windermere Prestige Properties

YOUR SOURCE FOR COMMERCIAL MULTI FAMILY APARTMENTS/CONDOS/MOTEL - FORECLOSURE - BANK OWNED - SHORT SALE

pH 702 378 3274

email : buy@buylvland.com

www.lasvegas-henderson-nevada-realestate.com

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CLARK COUNTY NEVADA PROPERTY TAX AUCTION - 156 UNIT HOTEL

158 UNITS
1.29 ACRES

71 038 SQUARE FEET
BUILT 1963

BOUGHT 12.2003 FOR $ 4 075 000

LOAN $ 3 200 000

Location.

Business friendly hotel located in Las Vegas's Fremont Street Downtown Las Vegas neighborhood, close to Las Vegas City Hall, Las Vegas Library, and Lied Discovery Children's Museum. Additional points of interest include Las Vegas Natural History Museum and Cashman Field Convention Center.

Hotel Features.

Features a restaurant. Room service is available during limited hours. Complimentary high speed (wired) Internet access is available in public areas. Guest parking is complimentary. Additional property amenities include a nightclub and coffee in the lobby.

Guestrooms.

147 air conditioned guestrooms feature complimentary toiletries. Rooms are all accessible via exterior corridors. Bathrooms feature shower/tub combinations. Dial up Internet access is available. In addition to desks, guestrooms offer free local calls (restrictions may apply). Televisions have satellite channels.

LAS VEGAS 156 UNIT APARTMENT COMPLEX FOR SALE - SCHEDULING TOURS / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-01-16T13:49:00.000-08:00

87 LAS VEGAS APARTMENT COMPLEX FOR SALE - 92 % OCCUPIED / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORCLOSURES

2012-01-11T08:32:00.000-08:00

87 units - Offered at $3,700,000

¨ $42,528 per unit

¨ 8.14% Cap Rate

¨ Excellent Rental Area

¨ Recently Renovated.

¨ Upside in Below Market Rents

¨ 92% Occupied

Built in 1979 on 3.25 acres, has undergone a recent extensive renovation offering residents a great value in one of the best rental locations in Las Vegas close to UNLV, McCarran Airport, and the Las Vegas “Strip”. The property is 92% occupied offering investors a turn-key investment in Las Vegas with the added upside of below market rents.

286 DELUX MOTEL UNITS LAS VEGAS FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTELS FORECLOSURES

2012-01-10T11:41:00.000-08:00

164 UNIT LAS VEGAS APARTMENT COMPLEX FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-MOTELS-CONDO FORECLOSURES

2012-01-10T11:08:00.000-08:00

LOW VACANCIES KEEP RENTAL MARKET BOOMING / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2012-01-10T10:46:00.000-08:00

Timothy Anderson

Windermere Prestige Properties

YOUR SOURCE FOR COMMERCIAL MULTI FAMILY APARTMENTS/CONDOS/MOTEL - FORECLOSURE - BANK OWNED - SHORT SALE

pH 702 378 3274

email : buy@buylvland.com

www.lasvegas-henderson-nevada-realestate.com

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Low Vacancies, Higher Rents Keep Rental Market Booming

Daily Real Estate News Thursday, January 05, 2012
-->

The apartment vacancy rate is at its lowest level since late 2001 as the rental market continues to soar, according to the latest fourth-quarter data by Reis Inc.
As demand increases, the vacancy rate for apartments dropped in the fourth quarter to 5.2 percent compared to 6.6 percent a year prior.
“Multifamily property has been the star of the real-estate sector for more than a year, generating profits for landlords but headaches for renters struggling with the economic downturn,” an article in The Wall Street Journal notes. “Demand has swelled from people being foreclosed out of their houses as well as those unable or unwilling to buy.”
Landlords are also raising their rents. Asking rents moved up 0.4 percent in the fourth quarter, averaging $1,064 a month nationwide — compared to $1,026 in 2009. New York City continued to have the highest rent in the country at $2,876 a month.
Meanwhile, as the rental market takes off, builders are rushing to play catch up in building new units to meet the demand. In 2011, Zelman & Associates estimates that more than 173,000 units were started, and about 225,000 and 280,000 starts are expected in 2012 and 2013.

Source: “Apartment-Vacancy Rate Tumbles to 2001 Level,” The Wall Street Journal (Jan. 5, 2012) [Log-in required.]
Read More
Generate Revenue With Rentals

LAS VEGAS 60 UNIT APARTMENT COMPLEX PUBLIC AUCTION / LAS VEGAS DISTRESSED APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-30T19:21:00.000-08:00

LAS VEGAS APARTMENT COMPLEX

PUBLIC AUCTION SCHEDULED

60 UNITS
1.19 ACRES

47 136 SQUARE FEET
BUILT 1962

BOUGHT 11.14.06 FOR $ 1 620 000

521 S Maryland Pkwy
Las Vegas, NV 89101

LAS VEGAS 300 UNIT APARTMENT COMPLEX FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-30T09:23:00.000-08:00

EMERALD PARK APARTMENTS - NOD FILED 12.16.11

300 UNITS
12.29 ACRES

197 296 SQUARE FEET
BUILT 1978

BOUGHT 10.2008 FOR $ 11 960 000

4545 Pennwood Ave
Las Vegas, NV 89102

LAS VEGAS 48 UNIT APARTMENT COMPLEX HIGH CAP RATE RETURN / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES - CONDO - MOTEL FORECLOSURE

2011-12-30T07:56:00.000-08:00

48 unit apartment complex - $ 36 500 / door ( see attachment )

Great CAP Rate Return !

4203 Silver Dollar Ave
Las Vegas, NV 89102

Price per sq/ft = $47.79

640 Average 2BD Square Footage & 964 Average 3BD Square Footage.

Located just West of Valley View Blvd & Desert Inn, between Lotus St. & Foot St. Excellent demographics. Dense location.

This 48-unit multi-family assemblage is an excellent deal; every unit has been upgraded with granite counter tops in kitchen and tile flooring throughout. Great potential for 100% occupancy, 9.31% + Cap Rate. Additionally, the property is well maintained and in great condition.

PLEASE ATTACHED MARKETING PACKAGE FOR DETAILED FINANCIAL INFORMATION

Area Description

Located just West of Valley View Blvd & on the north side of Desert Inn Rd, between Lotus St. and Foot St. Excellent demographics. Dense location.

Property Features

48 Units
Over 90% Occupancy
Tile & Granite Upgrades Througout
Long Term Tenants In Place
Current Cap Rate 9.31%
Rents Below Market
Value Add Potential
Excellent Demographic
Just Off Valley View & Desert Inn
INCREDIBLE INVESTMENT OPPORTUNITY!

CLICK FOR MORE DETAIL

MULTI FAMILY VACANT LAND LAS VEGAS - 5 ACRES - 108 UNITS / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES - CONDOS - MOTEL FORECLOSURES

2011-12-30T05:50:00.000-08:00

5 acres approved for 108 apartment units

EXCELLENT PRICING - $ 1 200 000

E Owens Ave & N Walnut Rd
Las Vegas, NV 89115

Excellent corner, fronts on Owens.
Approved for 108 units, engineering nearly complete.
Actual zoning allows more - R4.
In Clark County, Nevada.
Broker has ownership interest in the land.
In fill parcel.

Area Description

NW Corner Owens & Walnut - both streets are developed, busy, busy,
area in need of new apartment units. All utilities are close, in fill
parcel, on bus line, engineering nearly complete. 4 way stop light at the corner.

Property Features

Site plan approved for 108 units/3 story
Boundary & Topo done
Traffic Study done
Engineering & Hydrology done
Soils report done
R-4 Zoning allows for more units
3.66 approx. net

75 UNIT LAS VEGAS STUDIO APARTMENT COMPLEX - $ 16 333 PER DOOR / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-28T07:54:00.000-08:00

75 UNIT LAS VEGAS STUDIO APARTMENT COMPLEX - $ 16 333 PER DOOR / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

75 UNIT LAS VEGAS APARTMENT COMPLEX - $ 16 333 PER DOOR

In the center of a redevelopment area that has seen enormous public and private investment over the past five years. The site is within two blocks of three new high rise condominium projects, and several blocks from the new Bonneville Regional Transportation Center (downtown bus terminal), the new City Hall, the Smith Center for the Performing Arts and the Clark County government center. Centered between the downtown casino district and the north end of the Las Vegas Strip.

Property Features

All units are studios with kitchenettes
Each unit is 270 SF
This is a weekly monthly rental property

LAS VEGAS REGENCY PLACE APARTMENTS SELLS $ 27K PER DOOR / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-28T07:05:00.000-08:00

Washington View LP Buys Regency Place Apts for $3.7M

BACM-2005-6 Decatur Sells 137 Units in Las Vegas

By Ann O'Brien

December 20, 2011

Washington View LP purchased the Regency Place Apartments at 2800 S. Decatur Blvd. in Las Vegas, NV from BACM 2005-6 Decatur Apartments LLC for $3.7 million, or about $27,000 per unit. Built in 1977, the 137-units, 133,324-square-foot multifamily building sold with deferred maintenance not limited to air conditioning and parking lot repair. The complex was sold "As-Is." The property was 90% occupied.

SITE TOURS LAS VEGAS BANKRUPT APARTMENT COMPLEXES / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-MOTELS-CONDO FORECLOSURES

2011-12-28T05:49:00.000-08:00

NOW SCHEDULING SITE TOURS FOR BANKRUPT

APARTMENT COMPLEXES - JANUARY 11TH and 12th

OFFERS DUE JAN. 18TH

* call for details pH 702 378 3274

2 separate large Las Vegas apartment complexes - 484 units total

BANKRUPTCY SALE

264 units : GATED ENTRANCE - ON SITE LEASING OFFICE - CLUB HOUSE - SWIMMING POOL AND SPA

TENNIS COURTS - COVERED PARKING

- 13.66 ACRES

¨ 264 units

¨ True Value Add Investment

¨ Major Rehab Needed

¨ Built 1979

¨ 188,580 Rentable Sq. Ft.

The property currently has 75 fire damaged studio units needing significant repairs. The remaining 1, 2, & 3 bedroom units are operating at 60% occupancy and requires minor rehab to become fully operational. This is a unique opportunity to obtain a true value added apartment property in a location which offers strong employment with real future potential.

-------------------------------------------------------------------------------------------------------------------

220 units : SWIMMING POOL - VOLLEYBALL COURT - ON SITE LAUNDRY - PLAYGROUND - COVERED PARKING

¨ 220 units

¨ 50% Occupied

¨ Built 1981

¨ 147,940 Rentable Sq. Ft.

¨ Large Units

The property was built in 1981 and offers residents affordable living in a mature infill location, close to Las Vegas Blvd N. The property is an excellent value-add opportunity through rehabilitating the property and stabilizing the operations.

176 UNIT LAS VEGAS JOSHUA VILLAS APARTMENT FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-19T01:31:00.000-08:00

JOSHUA VILLAS APARTMENTS - NOD 12.13.11

176 UNITS

4.27 ACRES

BUILT 1999

3985 E Cheyenne Ave
Las Vegas, NV 89115

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138 UNIT LAS VEGAS FREEMEONT VILLAS APARTMENTS FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTELS FORECLOSURES

2011-12-19T00:55:00.000-08:00

FREEMONT VILLAS APARTMENTS - NOD 12.13.11

138 UNITS
1.91 ACRES

BUILT 1998

121 N 15th St
Las Vegas, NV 89101

144 UNIT LAS VEGAS JUDITH VILLAS APARTMENTS FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPEXES-CONDOS-MOTEL FORECLOSURES

2011-12-19T00:38:00.000-08:00

139-14-402-001

JUDITH VILLAS APARTMENTS - NOD FILED 12.13.11

144 UNITS
4.39 ACRES

BUILT 1998

28 UNIT HENDERSON NEVADA MOTEL FOR SALE - OWNER FINANCING / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-18T12:35:00.000-08:00

28 UNIT HENDERSON NEVADA / BOULDER HIGHWAY MOTEL FOR SALE

OWNER FINANCING AVAILABLE 4% INTEREST

NEGLIGIBLE DOWN PAYMENT

LAS VEGAS BANKRUPT APARTMENT COMPLEXES 484 TOTAL UNITS FOR SALE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-18T12:09:00.000-08:00

SITE TOURS FOR BANKRUPT APARTMENT COMPLEXES

OFFERS DUE JAN. 12TH

* call for details pH 702 378 3274

2 separate large Las Vegas apartment complexes - 484 units total

BANKRUPTCY SALE

264 units : GATED ENTRANCE - ON SITE LEASING OFFICE - CLUB HOUSE - SWIMMING POOL AND SPA

TENNIS COURTS - COVERED PARKING

- 13.66 ACRES

¨ 264 units

¨ True Value Add Investment

¨ Major Rehab Needed

¨ Built 1979

¨ 188,580 Rentable Sq. Ft.

-------------------------------------------------------------------------------------------------------------------

220 units : SWIMMING POOL - VOLLEYBALL COURT - ON SITE LAUNDRY - PLAYGROUND - COVERED PARKING

¨ 220 units

¨ 50% Occupied

¨ Built 1981

¨ 147,940 Rentable Sq. Ft.

¨ Large Units

LAS VEGAS APARTMENT BANKRUPTCY SALE 484 UNITS / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEX-CONDOS-MOTEL FORECLOSURES

2011-12-16T17:52:00.000-08:00

2 separate large Las Vegas apartment complexes - 484 units total

BANKRUPTCY SALE

264 units :

¨ 264 units

¨ True Value Add Investment

¨ Major Rehab Needed

¨ Built 1979

¨ 188,580 Rentable Sq. Ft.

220 units :

¨ 220 units

¨ 50% Occupied

¨ Built 1981

¨ 147,940 Rentable Sq. Ft.

¨ Large Units

LAS VEGAS REO TOWNHOME BULK SALE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEX-CONDO-MOTEL FORECLOSURE

2011-12-13T18:49:00.000-08:00

Suncrest Townhomes Sell for $8M

76 Townhomes Sell In North Las Vegas

By Vicki Sevel

December 7, 2011

In an REO purchase, California-based RK Properties, Inc. purchased the 76-unit Suncrest Townhomes multifamily complex in North Las Vegas for $8 million, or about $105,000 per unit. The complex was between 98 and 100 leased at closing.

The community is located at 3349 Lunar Sky Street and consists of 76 three-bedroom, two-and-a-half bath units averaging 1,700 square feet.

LAS VEGAS 60 UNIT ORLEANS SQUARE APARTMENT COMPLEX FORECLOSURE / LAS VEGAS DISTRESSES MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-13T18:37:00.000-08:00

ORLEANS SQUARE - NOD 12.7.11

60 UNITS
1.19 ACRES

47 136 SQUARE FEET
BUILT 1962

BOUGHT 11.2006 FOR $ 1 619 166

521 S Maryland Pkwy
Las Vegas, NV 89101

LAS VEGAS 8 UNIT APARTMENT COMPLEX 10%+ CAP RATE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-12T14:20:00.000-08:00

8 unit LV apartment complex - 10.72 5 ACTUAL CAP ( see attachment )

Consistently 100% Occupied with long terms tenants. Property is in excellent condition .

CLICK HERE FOR FINANCIALS AND RENT ROLLS

LAS VEGAS APARTMENT COMPLEX SHORT SALE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-10T09:34:00.000-08:00

LAS VEGAS APARTMENT COMPLEX - EXCELLENT UNLV LOCATION

$ 259K PRICE REDUCTION SINCE 8.11

SHORT SALE

32 UNIT LAS VEGAS APARTMENT FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-05T01:08:00.000-08:00

VALLEY VISTA APARTMENTS - NOD FILED 11.29.11

32 UNITS
1.73 ACRES

30 240 SQUARE FEET
BUILT 2004

BOUGHT 2.2005 FOR $ 2 652 000

2930 Mountain Vista St
Las Vegas, NV 89121

200 UNIT LAS VEGAS APARTMENT FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-05T00:47:00.000-08:00

CHARLESTON PINES APARTMENTS - NOD FILED 11.29.11

200 UNITS
7.89 ACRES

138 420 SQUARE FEET
BUILT 1982

BOUGHT 4.2004 FOR $ 8 650 000

4800 E Charleston Blvd
Las Vegas, NV 89104

40 UNIT APARTMENT COMPLEX FORECLOSURE LAS VEGAS NEVADA / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-12-05T00:23:00.000-08:00

CASA BONITA APARTMENTS - NOD FILED 11.29.11

40 UNITS
1.46 ACRES

18 900 SQUARE FEET
BUILT 2003

BOUGHT 7.2004 FOR $ 3 200 000

1411 N 23rd St
Las Vegas, NV 89101

MULTI FAMILY RENT GROWTH PROJECTED 7% NEXT TWO YEARS / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-11-29T18:08:00.000-08:00

Growth in Commercial Real Estate Expected in 2012

Daily Real Estate News | Monday, November 28, 2011

Commercial real estate markets have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the National Association of REALTORS®.

Lawrence Yun, NAR chief economist, said there is little change in most of the commercial market sectors. “Vacancy rates are flat, leasing is soft and concessions continue to make it a tenant’s market,” he said. “However, with modest economic growth and job creation, the fundamentals for commercial real estate should gradually improve in the coming year.”

The commercial real estate market is expected to follow the general economy. “Vacancy rates are expected to trend lower and rents should rise modestly next year. In the multifamily market, which already has the tightest vacancy rates in any commercial sector, apartment rents will be rising at faster rates in most of the country next year. If new multifamily construction doesn’t ramp up, rent growth could potentially approach 7 percent over the next two years,” Yun said.

Looking at commercial vacancy rates from the fourth quarter of this year to the fourth quarter of 2012, NAR forecasts vacancies to decline 0.6 percentage point in the office sector, 0.4 point in industrial real estate, 0.8 point in the retail sector and 0.7 percentage point in the multifamily rental

LAS VEGAS 45 UNIT APARTMENT COMPLEX PUBLIC AUCTION SCHEDULED / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-11-27T11:18:00.000-08:00

SVA LLV APARTMENTS

* TRUSTEE DEED SALE SCHEDULED

NOD FILED 4.25.11

45 UNITS
1.39 ACRES

BOUGHT 2.04 FOR $ 2 000 000

37 410 SQ FT

BUILT 1962

LAS VEGAS 32 UNIT APARTMENT COMPLEX PUBLIC AUCTION SCHEDULED / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-11-27T10:55:00.000-08:00

Timothy Anderson

Windermere Prestige Properties

YOUR SOURCE FOR COMMERCIAL MULTI FAMILY APARTMENTS/CONDOS/MOTEL - FORECLOSURE - BANK OWNED

pH 702 378 3274

email : buy@buylvland.com

www.lasvegas-henderson-nevada-realestate.com

------------------------------------------------

GAS LIGHT SQUARE APARTMENTS - TRUSTEE DEED SALE SCHEDULED

32 UNITS
1 ACRE

23 100 SQUARE FEET
BUILT 1962

BOUGHT 11.2005 FOR $ 1 340 000

589 Sierra Vista Dr
Las Vegas, NV 89169

LAS VEGAS 144 UNIT APARTMENT COMPLEX FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-11-21T06:29:00.000-08:00

KAREN AVE APARTMENTS - NOD FILED 11.14.11

144 UNITS
6.71 ACRES

BOUGHT IN 12.99 FOR $ 876 860

Karen Ave
Winchester, NV 89104

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LAS VEGAS 60 UNITS APARTMENT COMPLEX PUBLIC AUCTION SCHEDULED / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-11-21T06:07:00.000-08:00

ORLEANS SQUARE APARTMENTS

- TRUSTEE DEED SALE SCHEDULED 12.1.11

60 UNITS
1.19 ACRES

47 136 SQUARE FEET
BUILT 1962

BOUGHT 11.14.06 FOR $ 1 620 000

521 S Maryland Pkwy
Las Vegas, NV 89101

LAS VEGAS 195 UNIT APARTMENT COMPLEX ENTERS FORECLOSURE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-11-20T18:39:00.000-08:00

SHEPHERD HILLS APARTMENTS - NOD FILED 11.9.11

195 UNITS
9.57 ACRES

BUILT 2001

1950 Simmons St
Las Vegas, NV 89106

LAS VEGAS BANK OWNED 160 UNITS SELLS FOR $ 28K / DOOR / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-11-20T18:05:00.000-08:00

Cheyenne Woods Apartments Sell for $4.5M

California Investors Buy 160 Units in North Las Vegas

By Vicki Sevel

November 9, 2011

In an REO sale, California-based Strategic Realty Capital acquired the 160-unit Cheyenne Woods Apartments in North Las Vegas for $4.5 million, or $28,125 per unit. The complex was approximately 86 percent occupied at the time of sale.

The multifamily property at 3417 E. Cheyenne Ave. consists of 85 one-bedroom, one-bath units; 60 two-bedroom, two-bath units; and 15 three-bedroom, two-bath units, with sizes ranging from 650 to 1,090 square feet. Amenities include

LAS VEGAS APARTMENT MULTI FAMILY INVESTMENTS STRONG / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTELS FORECLOSURES

2011-11-20T05:59:00.000-08:00

Commercial Real Estate Market to See Improvement in Year Ahead

Anaheim, November 12, 2011

ANAHEIM (November 12, 2011) – Depressed conditions in the financial and small business sectors continue to negatively affect the commercial real estate industry and the nation’s economic recovery. That’s according to economists at the Economic Issues and Commercial Real Estate Business Trends Forum at the 2011 Realtors® Conference & Expo yesterday.

During the forum, National Association of Realtors® Chief Economist Lawrence Yun shared his predictions for the commercial real estate market in 2012 and 2013, anticipating a steady improvement in commercial real estate markets.

According to Yun, the U.S. economy remains sluggish and continues to perform well below the desired pace of economic expansion. Still, he said at the current rate of growth, about 3 to 4 million jobs will be generated over the next 2 years.

CLICK HERE FOR REST OF ARTICLE

LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES / LAS VEGAS MULTI FAMILY APARTMENT COMPLEX DEVELOPMENT

2011-11-17T06:04:00.001-08:00

Timothy AndersonWindermere Prestige PropertiesYOUR SOURCE FOR COMMERCIAL MULTI FAMILY APARTMENTS/CONDOS/MOTEL - FORECLOSURE - BANK OWNEDpH 702 378 3274email : buy@buylvland.comwww.lasvegas-henderson-nevada-realestate.com------------------------------------------------

Construction Soars for Rental Apartments

Daily Real Estate News | Wednesday, November 16, 2011

The apartment market continues to post big gains, as low vacancy rates and a surge in demand have tightened supply over the last few months. To respond to the increase in demand, construction of apartment buildings is on the upswing and analysts expect it to stay strong in the foreseeable future as more young adults put off home ownership and former home owners facing hardship turn to renting.

To respond to the need for more apartments, AvalonBay Communities, a rental apartment operator, is reporting $1 billion in development projects underway and UDR has started more than 2,500 units for an estimated $751 million, with other big companies upping their activity as well.

LAS VEGAS NEVADA 5 ACRES PRIME MULTI FAMILY DEVELOPMENT ACREAGE / LAS VEGAS ZONED MULTI FAMILY VACANT LAND

2011-11-11T10:07:00.000-08:00

5 ACRES PRIME LOCATION LAS VEGAS NEVADA MULTI FAMILY DEVELOPMENT ACREAGE

PRIME LOCATION !!!

SELLER FINANCING

SURROUNDED BY 500 EXISTING LUXURY APARTMENTS

LAS VEGAS 100 UNIT APARTMENT COMPLEX HIGH OCCUPANCY / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEX-CONDOS-MOTEL FORECLOSURE

2011-11-10T04:57:00.000-08:00

LAS VEGAS 100 UNIT APARTMENT COMPLEX

HIGH OCCUPANCY - PRIME APARTMENT COMPLEX INVESTMENT

LAS VEGAS 3.25 MULTI FAMILY VACANT DEVEOPMENT LAND FOR SALE / LAS VEGAS APARTMENT COMPLEX-CONDO-MOTEL DEVELOPMENT ACREAGE

2011-11-10T04:30:00.000-08:00

3.25 ACRES MULTI FAMILY DEVELOPMENT VACANT LAND FOR SALE

COMPLETED - SOILS REPORTS, TOPOGRAPHICAL MAP, DRAINAGE STUDY

CLICK HERE FOR FOR MORE DETAILS

LAS VEGAS FORECLOSED BANK OWNED REO APARTMENT COMPLEX - 30 UNITS / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTELS FORECLOSURES

2011-11-09T10:03:00.000-08:00

LAS VEGAS 30 UNIT BANK OWNED REO APARTMENT COMPLEX

96 % OCCUPIED

INCREDIBLE LAS VEGAS 5 ACRES MULTI FAMILY DEVELOPMENT ACREAGE FOR SALE $ 1.2 MIL / LAS VEGAS MULTI FAMILY APARTMENTS-CONDOS-MOTELS VACANT LAND

2011-11-07T08:05:00.000-08:00

INCREDIBLE 5 ACRES 108 UNITS APPROVED - $ 1.2 MILLION

Property Overview - CLICK HERE FOR DETAILS

LAS VEGAS VACANT HIGH RISE DEVELOPMENT ACREAGE FOR SALE - SELLER FINANCING / LAS VEGAS MULTI FAMILY VACANT DEVELOPMENT ACREAGE

2011-11-07T07:18:00.000-08:00

15 acre MULTI FAMILY high rise development acreage

SELLER FINANCING

ENTITLEMENTS IN PLACE

CLICK HERE FOR PROPERTY DETAIL

1.31 ACRES MULTI FAMILY VACANT DEVELOPMENT ACREAGE / LAS VEGAS COMMERCIAL APARTMENT COMPLEX-CONDO-MOTEL VACANT LAND

2011-11-07T06:17:00.000-08:00

1.31 ACRES LAS VEGAS MULTI FAMILY APARTMENTS / TRAILER COURT VACANT DEVELOPMENT ACREAGE

SELLER FINANCING AVAILABLE

BANK OWNED LAS VEGAS MULTI FAMILY VACANT DEVELOPMENT ACREAGE / APARTMENT - CONDO - MOTEL VACANT DEVELOPMENT ACREAGE LAS VEGAS NEVADA

2011-11-06T19:29:00.000-08:00

BANK OWNED LAS VEGAS NEVADA 16.64 ACRES VACANT MULTI FAMILY DEVELOPMENT ACREAGE

ZONED R3 ( MULTI FAMILY )

SELLER FINANCING WITH LENDER APPROVAL

CLICK HERE FOR PROPERTY DETAIL

LAS VEGAS BLVD. 1.7 ACRE MULTI FAMIILY DEVELOPMENT ACREAGE VACANT LAND / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-COND0-MOTEL FORECLOSURE

2011-11-06T13:59:00.000-08:00

LAS VEGAS BLVD MULTI FAMILY DEVELOPMENT ACREAGE

19 EXISTING INCOME PRODUCING UNITS

LOCATED NEAR ARTS AND REDEVELOPMENT DISTRICT

LAS VEGAS 88 UNIT APARTMENT COMPLEX - PUBLIC AUCTION SCHEDULED / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTELS FORECLOSURES

2011-11-04T14:09:00.000-07:00

MARION MANOR LLC

*TRUSTEE DEED SALE - PUBLIC AUCTION SCHEDULED

88 UNITS
4.28 ACRES

SQ FT 76 256
built 1980
BOUGHT 3.02 FOR $ 7 300 000

4600 E Charleston Blvd
Las Vegas, NV 89104

LAS VEGAS SHORT SALE 17 UNIT APARTMENT COMPLEX FOR SALE NEAR UNLV / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXEX-CONDOS-MOTEL FORECLOSURES

2011-11-03T08:45:00.000-07:00

LAS VEGAS SHORT SALE 17 UNIT APARTMENT COMPLEX FOR SALE

NEAR UNLV - LOW MAINTENANCE

LAS VEGAS 75 UNIT APARTMENT COMPLEX - INFRASTRUCTURE RENOVATION / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-11-03T08:16:00.000-07:00

LAS VEGAS 75 UNIT APARTMENT COMPLEX FOR SALE - INFRASTRUCTURE RENOVATION

Renovation, constructing new street, sidewalks, curbs, gutters, and street lights.

located near Arts District - Outlet Mall

LAS VEGAS COMING MULTI FAMILY RENTAL HOUSING WAVE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-CONDOS-MOTEL FORECLOSURES

2011-11-03T07:50:00.000-07:00

The Coming Rental Housing Wave

Protracted Economic Distress in Housing Sector has Created Legions of Renters in New Markets and New Age Groups

By Mark Heschmeyer

November 2, 2011

While widespread recovery continues to elude the housing sector, the apartment market has become one of the real estate industry's -- and the broader economy's -- best hopes for a return to the good old days, with robust property values attracting keen investor interest. And it has the Great Recession to thank for it.

The multifamily market is benefitting from changing demographics and consumer attitudes toward renting resulting from the growing number of financially stressed households. The increase in young and newly formed households that have decided to postpone or even reject homeownership in favor of the lower debt and flexibility afforded by renting during these last unsettled economic years.

"It's an exciting time to be in this growing sector where it is projected that $1 trillion in capital and 10 million additional apartment units are needed in the next 10 years as more individuals turn to apartment living," said Freddie Mac Multifamily Senior Vice President David Brickman.

Renters now make up more than 40 million households - about one-third of total U.S. households, according to Brickman. For every 1% that the current homeownership level of 66% decreases, one million individuals become renters.

The changing demographics also show a significant increase in immigrants, 20-34 year olds, and baby boomers entering the rental market.

"The bottom line is that the multifamily market is poised for growth due to strong demand, healthy fundamentals, and limited supply," Brickman said. "These trends have renewed interest in the sector and investors are returning as evidenced by an increase in acquisition and refinancing activity."

Another 1.4 Million Renters This Year Alone

Through the 12 months ending mid-2011, the Census Bureau reported a net increase of 1.4 million households that moved into rental housing, a 4% rise in the number of tenant households in just one year.

The U.S. homeownership rate has fallen about 1.5% over the past year (from 66.9% to 65.9% during the second quarter of 2011) with owner rates falling by 4.4% (to 21.9%) for those under 25 years of age and by 7% (to 34.7%) for those aged 25 to 29 years.

Apartment rents, which had been flat to falling in many projects during the 2008-2009 recession, have begun to rise, albeit slowly, Freddie Mac reported.

New construction starts of apartments in buildings with at least 20 dwellings have picked up this year and in the second quarter were the highest since the end of 2008.

"New construction starts are slowly picking up and multifamily lending appears to be rising as well with this year's origination volume stronger than 2010's," said Frank Nothaft, Freddie Mac, vice president and chief economist. "In part, the rise in originations is related to the low-level of mortgage rates, improving apartment-sector economics, and the return of traditional lenders that had curtailed activity during the recession."

Apartment Development Ramps Up as Demand Swells

After a surprising delay, the increased demand for rental housing has finally led to a considerable uptick in multifamily construction, the National Multi Housing Council (NMHC) reported in its latest Quarterly Survey of Apartment Market Conditions.

The pace of development activity has increased in most markets. Two-thirds (67%) of respondents noted considerable activity, either in the planning stage or actual new construction.

In particular, 20% said developers are breaking ground on new projects at a rapid clip. The other 47% reported an increase in pre-construction activities-acquiring land, lining up financing, getting building permits-but not much actual construction yet.

Even with this increased activity, more than half (54%) think new development remains considerably below demand.

"Powerful demographic trends, along with changing attitudes about homeownership and tighter mortgage underwriting, continue to drive a shift toward renting, which is fueling a ramp up in new construction," noted NMHC chief economist Mark Obrinsky. "While some survey respondents expressed concern over sporadic overbuilding, others noted that the lack of construction financing may prevent some developments from actually breaking ground."

Rents, Vacancies Benefiting from New Demand

Preliminary third-party data for the third quarter of 2011 suggest that the vacancy rate for institutional investment-type apartment properties has fallen and asking rents have now likely risen for six consecutive quarters, according to Fannie Mae.

Vacancy levels are firmly back to historical norms at an estimated 6.5% for the third quarter of 2011. Asking rents also likely rose again in the third quarter of 2011 by 1% quarter-over-quarter. It appears that full-year 2011 national average asking rent growth remains robust and on track to reach 4%, with effective rents perhaps reaching 5%, or even 6% annualized growth, Fannie Mae said.

While the strength of declining vacancy levels and increasing rental rates will vary by metro area, on a national basis the multifamily sector should continue to see steady improvement for the remainder of the year, Fannie Mae said. It expects average asking rents to experience an annualized increase of 4% and the vacancy rate to stay fairly stable, perhaps declining to 6.25% by the end of the year.

States with Opportunities

ite the contrary: more likely than not (well, at least 50% of the time), it's a middle-aged household."

LAS VEGAS FALLING MULTI FAMILY VACANCY RATES / LAS VEGAS DISTRESSED MULTI FAMAILY APARTMENT COMPLEXES-CONDOS-MOTELS FORECLOSURE

2011-11-03T07:33:00.000-07:00

Falling Rental Vacancies

On October 28, 2011, in Economist Commentaries, by Lawrence Yun, Chief Economist

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The total number of rental households has increased to 38 million in the second quarter of this year, an increase of 1.4 million renters in the past 12 months. Because there has not been an overproduction in multifamily units in the past decade, higher demand for rental units has directly resulted in falling vacancy rates. The latest census data, which measures rentals of both single-family and multifamily units, report a 9.2 percent vacancy rate, the lowest since 2002. Private sector data from REIS on just multifamily units at mid-to-large cities in the U.S. fell to a 5.5 percent vacancy rate.

Overly tight mortgage underwriting standards have kept many renters from taking advantage of low home values. Moreover, elevated foreclosures have forced distressed homeowners into renting. The total number of home-owning households fell by 600,000

CLICK HERE FOR MORE DETAILS

LAS VEGAS ASSISTED LIVING CENTER 101 UNITS / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEX-CONDOS-MOTEL FORECLOSURES

2011-11-02T09:38:00.000-07:00

LAS VEGAS 101 UNIT ASSISTED LIVING CENTER

CENTRAL LOCATION - FULL SERVICE

CLICK HERE FOR DETAIL

135 UNIT BANK OWNED LAS VEGAS APARTMENT COMPLEX - 8% CAP RATE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEX-CONDOS-MOTEL FORECLOSURES

2011-11-01T19:05:00.000-07:00

LAS VEGAS 135 UNIT BANK OWNED REO APARTMENT COMPLEX

8.57% CAP RATE

132 700 SQUARE FEET
3.02 ACRES

56 UNIT LAS VEGAS APARTMENT COMPLEX FOR SALE / LAS VEGAS DISTRESSES MULTI FAMILY APARTMENT COMPLEX-CONDOS-MOTEL FORECLOSURES

2011-11-01T18:40:00.000-07:00

Timothy AndersonWindermere

Prestige Properties

YOUR SOURCE FOR COMMERCIAL MULTI FAMILY APARTMENTS/CONDOS/MOTEL - FORECLOSURE - BANK OWNED

pH 702 378 3274

email : buy@buylvland.com

www.lasvegas-henderson-nevada-realestate.com

------------------------------------------------

LAS VEGAS 56 UNIT APARTMENT COMPLEX FOR SALE

EXCELLENT LOCATION

47 696 SQUARE FEET

2.13 ACRES

CLICK HERE FOR DETAIL

LAS VEGAS TOTALLY REHABBED 6 PLEX FOR SALE / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEX-CONDOS-MOTELS FORECLOSURE

2011-11-01T18:26:00.000-07:00

LAS VEGAS RE HABBED SIX PLEX FOR SALE

4 550 SQUARE FEET
.26 ACRES

BUILT 1978